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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 859 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.True or false: “cost of making one” is the selling price. (a) False (b) True
  2. 2.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  3. 3.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  5. 5.Dev makes 9 painted pebbles at a cost of ₹21 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  7. 7.It costs ₹41 to make one clay diya. Gurpreet sells it for ₹58. What is the profit on one (in ₹)?
  8. 8.Ananya makes 19 cupcakes at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  9. 9.One fruit cup costs Farhan ₹54 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹46 to make one glass of chai. Diya sells it for ₹58. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.One friendship band costs ₹14 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  14. 14.Dev makes 12 fruit cups at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  15. 15.True or false: “what a customer pays” is the cost price. (a) True (b) False
  16. 16.It costs ₹12 to make one bag of popcorn. On the last day Aarav sells it for only ₹10. How much is the loss on one (in ₹)?
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.One cup of lemonade costs Ananya ₹21 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “money spent to get it” is the selling price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  21. 21.It costs ₹31 to make one clay diya. Tara sells it for ₹38. What is the profit on one (in ₹)?
  22. 22.One jute bag costs Zoya ₹53 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.It costs ₹19 to make one cupcake. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  25. 25.One friendship band costs Joseph ₹35 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹45 to make one fruit cup. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  27. 27.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  28. 28.It costs ₹20 to make one painted pebble. Vihaan sells it for ₹22. What is the profit on one (in ₹)?
  29. 29.It costs ₹58 to make one paper bookmark. Rohan sells it for ₹77. What is the profit on one (in ₹)?
  30. 30.Farhan makes 5 painted pebbles at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price you sell at” is the cost price. (a) False (b) True
  32. 32.Kavya makes 11 bags of popcorn at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  33. 33.It costs ₹44 to make one jute bag. Aarav sells it for ₹58. What is the profit on one (in ₹)?
  34. 34.One friendship band costs Farhan ₹19 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One bag of popcorn costs ₹45 to make. Joseph wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.One handmade card costs Tara ₹24 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹52 to make one bag of popcorn. On the last day Tara sells it for only ₹46. How much is the loss on one (in ₹)?
  38. 38.One handmade card costs ₹12 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  39. 39.Ishaan makes 14 potted plants at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  40. 40.One paper bookmark costs ₹19 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. SP more than CP
  3. SP less than CP
  4. False
  5. 99
  6. True
  7. 17
  8. 247
  9. Loss
  10. 12
  11. cost price
  12. 24
  13. what it cost you
  14. 156
  15. False
  16. 2
  17. True
  18. Profit
  19. False
  20. selling price
  21. 7
  22. Profit
  23. selling price
  24. 9
  25. Loss
  26. 1
  27. what the buyer pays
  28. 2
  29. 19
  30. 5
  31. False
  32. 66
  33. 14
  34. Loss
  35. 55
  36. Profit
  37. 6
  38. 14
  39. 84
  40. 35

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